Become a Member

written by reader FOOD – Discussion

By SoGiAm, September 9, 2016

Previously thought about starting this thread based on population increase, scarcity and listening to Arch1 and HendrixNuzzles.
So here it is. Share your best ideas, news, equities and thoughts. Best2All ~ Ben

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

guest

12345

This site uses Akismet to reduce spam. Learn how your comment data is processed.

86 Comments
Inline Feedbacks
View all comments
👍 11604
👍 11604
👍 11604
👍 11604
👍 11604
👍 11604
👍 11604
👍 11604
👍 11604
👍 11604
👍 11604
TomN
TomN
January 6, 2018 10:50 am
Reply to  SoGiAm

Ben, What does one do with such a product? sweet mashed ?

👍 355
👍 11604
👍 11604
👍 11604
👍 11604
Lulu
February 7, 2018 12:02 pm
Reply to  SoGiAm

GGGRF – C.VGM Global gardens Group…..From Stcokhouse….

Financials, Financing, Forecasts etc…
Some musings now that the market mania has abated a little bit for now….

Based on the rate at which cash went out the door in the quarter ended September 30th, if the trajectory continues reasonably close to that for the 4th quarter, then there would have been a little over $1 million in the bank at calendar yearend.

That in turn would imply a zero cash date sometime in calendar Q2 – meaning that they will need to raise cash in March / April timeframe, which is near exactly the “11 week” spot that Stingo (who appears to have disappeared from this board) spoke about in his posts, if you go back and check. Interesting.

If you look at the numbers for the quarter ended Sept. 30th, 2017 (and they are not presented separately, you need to subtract the previous ‘year to date’ figures from the Sept. 30th yearend figures to get the numbers that are just for the quarter ended Sept. 30th), then you will see that the rate of sales growth actually SLOWED i the quarter ended Sept. 30th. In other words, the company added less absolute $$ revenue (gross or net, does not matter for this calculation) than it did in the preceding quarter ending June 30th, 2017.

So the folks at Veggemo have their work cut out for them and I wish them, and all of us shareholders, good luck and best wishes in raising the soon to be necessary financing and then putting it to good use.

It will be interesting to see the price at which this upcoming financing takes place. Well over a year ago they financed at $0.10 and it would be a poor reflection on management if they end up financing again at equal to or close to the same share price level, as the dilution will be severe (depending though on how much $$ is raised).

I don’t put much faith in those who proudly proclaim that they ‘always expected the company to ned to raise more money’, because that is not the issue I’m raising. You see, one can raise money at higher share prices with much, much less dilutive impact on existing shareholders (assuming you’ve done your job to grow the business and it’s shownig in financial results), so anyone who says they “always expected” the future financings to take place at $0.10, well let’s just say it’s not a very believable claim. We do need to be realistic about the situation the company is in.

The financials for the period ended Dec. 30th, which will be due out by end of February, will be worth a close read…..

Good luck to all….

👍 1303
👍 11604
👍 11604
👍 11604
👍 11604
👍 11604
👍 11604

We use cookies on this site to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies.

More Info  
4
0
Would love your thoughts, please comment.x
()
x